Learn about taxation of income from house property under Income Tax Act, 1961. Understand how to calculate income for self-occupied and let-out properties.
The Mumbai ITAT set aside a PCIT’s revisionary order against Procter and Gamble, ruling the AO’s original inquiry was adequate and not a basis for revision.
ITAT Mumbai ruled that capital gains from a property sale were taxable in the year the sale deed was executed, not the year of the MoU, due to a prior bank lien. The court also clarified tax rates and acquisition costs.
Section 71(6) of the Companies Act, 2013, read with Rule 18(3)(e) of the Companies (Share Capital and Debentures) Rules, 2014, mandates that the Debenture Trustee shall appoint a nominee director in the event of certain defaults by the issuer company. This requirement is further echoed in Regulation 15(1)(e) of the SEBI (Debenture Trustees) Regulations, 1993.
Understand the old and new income tax regimes for salaried individuals in India for FY 2024-25. Compare tax slabs, deductions, and which option is best for you.
GST on the sale of used vehicles where input tax credit was not claimed and depreciation was, is levied on the margin (sale price minus written down value) and not the total sale price.
The dead hand is a legal concept where a person tries to control property long after their death. Learn about the restrictions under India’s Transfer of Property Act.
Calcutta High Court ruled that GST refund timelines are mandatory and that officers cannot reject claims based on extraneous grounds like office size or e-way bills.
The Calcutta High Court has reaffirmed that personal liberty and statutory safeguards must be upheld in GST investigations, emphasizing BNSS 35(3) notice before arrest.
A comprehensive guide to the different types of companies in India, including classifications based on liability, members, control, ownership, and size as per the Companies Act, 2013.
